The power of the investing habit

Last month, I read a wonderful book named 'The Power of Habit', by Charles Duhigg. The book details--through anecdote and science--how our routine behaviour is driven mostly by habit or the absence of habit. It also delves deep into how habits get created and changed, and how this can be achieved consciously. While reading the book, it became clear to me that savings and investments fit right into the framework that Duhigg had described. Not just that, habits in one area can be the trigger for those in other areas, but more on that later. For a long time now, it's been pretty clear that the value of investing through systematic investment plans was as much about psychology as about the arithmetic of investing. While the conventional